Generator Group, a leading lifestyle hospitality platform which owns, operates, and develops lodging assets across Europe and North America, has today reported record revenues of EUR 225M (vs EUR 180M 2019) and EBITDA of EUR 75M (vs EUR 50M 2019).
Owned by Queensgate Investments, Generator Group consists of 21 hotels, totalling nearly c. 12k beds across 17 tier one cities and 10 countries. All Generator properties are independently branded and operated by a fully integrated in-house management team.
To the millennial traveller Generator Group delivers safe, affordable and lifestyle accommodation in city centre locations across Europe and the US. In addition, the common areas boast vibrantly designed F&B and night club areas to entertain both on site and non hotel guests alike.
The secret sauce comes from the sharing of rooms optimising room revenues; and the integrated real estate, operations and IP allows for maximisation of cash margins.
Generator Group is now armed to expand both on asset heavy or asset light basis.
Jason Kow, CEO of Queensgate Investments said: “Generator Group is enjoying the best year of earnings in its history. Generator Group with its unique business model winning on both top line and bottom line is now at a unique inflection point to expand on both an asset heavy and asset light basis.”
Queensgate Investments is a nimble special situations investment manager with c. EUR 3B of assets.